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Grupo Bancolombia

Grupo Bancolombia is a full-service financial institution that provides financial products and services in Colombia, Panama, El Salvador, Puerto Rico, the Cayman Islands, Peru and Guatemala. Grupo Bancolombia joined the Net Zero Asset Managers Initiative in November 2021 and made its Initial Target Disclosure in November 2022.

Initial Target Disclosure: November 2022

Percentage of assets covered by the Net Zero Asset Managers Commitment Statement

61.1% of total AUM (USD $4.08 billion)

Information on interim target(s) covering the proportion of assets to be managed in line with net zero



2.67° for S1+S2 and 2.92° for S1+S2+S3



2.42° for S1+S2 and 2.73° for S1+S2+S3

GHG scopes included:

100% of scopes 1,2 and 3 for the covered portfolio.


Science Based Target initiative for Financial Institutions


SBTi temperature ratings are based on regression models generated considering scenarios in the IPCC Special Report on 1.5°C scenario database.

Additional information

Proportion of AUM committed:

This proportion include assets such as Listed Equity, Fixed Income and Private Debt which are the ones required by the PCAF and SBTi methodology. We have excluded assets such as derivatives, liquidity, and sovereigns since there is not yet a methodology to both measure and managed climate goals. We will continue to adhere to the best practices in the market, and once when there are available methodologies to improve our scope we will implement them.

Policy on coal and other fossil fuel investments:

Yes. We have committed to phasing out coal in 100% of our AUM.
Responsible Investment Policy